LGT Business Connextions Ltd

LGT Global Hospitality Limited has expanded its Luxe Living serviced accommodation portfolio in Chennai by adding 19 new units across two properties. The expansion includes Thillai Residency with 18 units in Korattur and one unit at Vinayaga Flats in Choolaimedu. This move aims to cater to the growing demand for professionally managed accommodations from business, corporate, and leisure travelers, enhancing the company's presence in key markets. The company continues to focus on increasing its inventory in high-growth areas and delivering quality guest experiences.

LGT Global Hospitality Limited has opened a new branch in Nagercoil, Tamil Nadu, commencing operations on June 24, 2026. This expansion aims to strengthen the company's regional presence and offer integrated travel and hospitality services, including customized holiday packages, hotel bookings, corporate travel management, and ticketing, to the Kanyakumari region. The new branch is part of LGT's strategy to expand access to organized travel services across India, complementing its existing presence in cities like Coimbatore, Pune, and Vijayawada. The company, formerly LGT Business Connextions Limited, provides comprehensive travel and tourism solutions.

LGT Business Connextions Ltd (now LGT Global Hospitality Limited) confirms no deviation in the utilization of IPO proceeds as of March 31, 2026. The IPO, which raised ₹21.92 Crores on August 22, 2025, was monitored by Infomerics Ratings Limited. The funds were allocated to Capital Expenditure (₹10.43 crores), Working Capital Requirement (₹7.70 crores), and General Corporate Purpose (₹3.79 crores), with ₹2.45 crores, ₹6.73 crores and ₹3.68 crores utilized respectively. The company confirms that the IPO proceeds will be fully utilized within 12 months from the date of receipt.

LGT Global Hospitality Limited (formerly LGT Business Connextions Limited) reported strong FY26 results with a 34.9% YoY revenue growth, driven by corporate travel, MICE, and hospitality segments. Revenue from Operations reached ₹13,699.20 Lakhs. The company expanded through strategic collaborations and acquisitions, including Yaja, Travflix, and Holiday One, strengthening its market reach. Expansion initiatives focused on key regional markets and international destinations like Dubai and Malaysia.

LGT Business Connextions Ltd (now LGT Global Hospitality Limited) corrected a typographical error in the standalone audit report attached to the outcome of the board meeting filed on May 29, 2026. The word "Consolidated" was incorrectly mentioned and has been corrected to "Standalone". The board had approved standalone and consolidated financial results for the half year and year ended March 31, 2026, and declared a dividend of ₹0.25 per equity share, subject to shareholder approval.

LGT Business Connextions Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the draft Standalone and Consolidated Financial Results for the half year and year ended March 31, 2026. The board will also consider recommending a dividend for the financial year 2025-26. The trading window, which has been closed since April 1, 2026, will remain closed until 48 hours after the declaration of the financial results, i.e., until May 31, 2026.

LGT Business Connextions Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the draft audited Standalone and Consolidated Financial Results for the half year and year ended March 31, 2026.

LGT Business Connextions Ltd (now LGT Global Hospitality Limited) submits the Monitoring Agency Report for the quarter ended March 31, 2026, as required by SEBI regulations. The report, issued by Infomerics Ratings Limited, monitors the utilization of proceeds from the public issue of equity shares. The Board noted a discrepancy in the offer documents regarding the timeline for utilization of funds, but expects proper utilization as per ongoing negotiations. Deviation from the objects is reported as Nil.

Shareholders of LGT Business Connextions Ltd have approved a name change to LGT Global Hospitality Limited via postal ballot, effective upon the Registrar of Companies' fresh Certificate of Incorporation. This strategic rebranding aims to better reflect the company's evolving business focus, strategic direction, and future growth aspirations, particularly in expanding its global hospitality presence. Additionally, shareholders approved the regularization of Mr. Dhawal Padmakar Bhute and Mr. Chintan Virendra Chheda as Non-Executive Directors, and the appointment of Mrs. Namrata Kalanouria as an Independent Director.

LGT Business Connextions Ltd shareholders have approved the company's name change to "LGT GLOBAL HOSPITALITY LIMITED" via postal ballot. This rebranding aims to better reflect the company's evolving business focus, strategic direction, and future growth aspirations in the global hospitality sector. Additionally, shareholders approved the regularization of Mr. Dhawal Padmakar Bhute and Mr. Chintan Virendra Chheda as Non-Executive Directors and the appointment of Mrs. Namrata Kalanouria as an Independent Director. The name change will be effective upon the Registrar of Companies issuing a fresh Certificate of Incorporation.